Aviva PLC lessened its holdings in PVH Corp (NYSE:PVH) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,095 shares of the textile maker’s stock after selling 1,325 shares during the quarter. Aviva PLC’s holdings in PVH were worth $5,357,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Martingale Asset Management L P lifted its position in PVH by 225.2% during the second quarter. Martingale Asset Management L P now owns 8,811 shares of the textile maker’s stock worth $1,320,000 after purchasing an additional 6,102 shares during the period. Millennium Management LLC lifted its position in PVH by 118.4% during the second quarter. Millennium Management LLC now owns 936,344 shares of the textile maker’s stock worth $140,189,000 after purchasing an additional 507,641 shares during the period. California Public Employees Retirement System lifted its position in PVH by 4.1% during the second quarter. California Public Employees Retirement System now owns 195,194 shares of the textile maker’s stock worth $29,224,000 after purchasing an additional 7,714 shares during the period. Globeflex Capital L P lifted its position in PVH by 28.7% during the second quarter. Globeflex Capital L P now owns 6,663 shares of the textile maker’s stock worth $998,000 after purchasing an additional 1,484 shares during the period. Finally, We Are One Seven LLC bought a new stake in PVH during the third quarter worth about $327,000. 95.35% of the stock is owned by institutional investors.
PVH has been the subject of several recent analyst reports. Zacks Investment Research raised shares of PVH from a “hold” rating to a “buy” rating and set a $166.00 price objective for the company in a research report on Friday, August 17th. Barclays set a $178.00 price objective on shares of PVH and gave the stock a “buy” rating in a research report on Thursday, October 18th. Buckingham Research cut their price objective on shares of PVH from $188.00 to $176.00 and set a “buy” rating for the company in a research report on Wednesday, October 17th. DA Davidson initiated coverage on shares of PVH in a research report on Tuesday, September 25th. They set a “buy” rating and a $167.00 price objective for the company. Finally, Bank of America set a $180.00 price objective on shares of PVH and gave the stock a “buy” rating in a research report on Thursday, August 30th. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $154.10.
PVH stock opened at $102.44 on Friday. The stock has a market capitalization of $8.23 billion, a PE ratio of 12.90, a P/E/G ratio of 0.90 and a beta of 0.88. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.74 and a quick ratio of 0.85. PVH Corp has a 12 month low of $101.67 and a 12 month high of $169.22.
PVH (NYSE:PVH) last posted its earnings results on Thursday, November 29th. The textile maker reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.07. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.53 billion. PVH had a net margin of 7.20% and a return on equity of 13.00%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.02 earnings per share. As a group, analysts anticipate that PVH Corp will post 9.35 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Wednesday, November 28th will be issued a $0.0375 dividend. The ex-dividend date is Tuesday, November 27th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. PVH’s dividend payout ratio (DPR) is currently 1.89%.
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PVH Corp. operates as an apparel company in North America and internationally. The company operates through six segments: Calvin Klein North America, Calvin Klein International, Tommy Hilfiger North America, Tommy Hilfiger International, Heritage Brands Wholesale, and Heritage Brands Retail. It designs, markets, and retails men's and women's apparel and accessories, including branded dress shirts, dresses, suits, neckwear, sportswear, jeans wear, performance and intimate apparel, underwear, swimwear, swim products, handbags, luggage products, footwear, golf apparel, sleepwear and loungewear, eyewear and fragrances, cosmetics, skincare products and toiletries, socks and tights, jewelry, watches, outerwear, small leather goods, and furnishings, as well as other related products.
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